March 20, 2018 / 6:56 AM / a year ago

S.Korean stocks reverse losses; won rises against dollar

* KOSPI index rebounds from early falls; institutions buy

* Won rises versus U.S. dollar

* South Korea bond yields up

SEOUL, March 20 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index erased early losses on Tuesday as domestic institutions’ purchases gave support. The Korean won edged up on the local platform, while bond yields also rose. ** At 06:32 GMT, the KOSPI was up 10.49 points, or 0.42 percent, at 2,485.52. ** The won was quoted at 1,068.6 per dollar on the onshore settlement platform, 0.28 percent firmer than its previous close at 1,071.6. ** In offshore trading, the won was quoted at 1,067.9 per U.S. dollar, up 0.43 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,056.35 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.15 percent, after U.S. stocks ended the previous session with losses. Japanese stocks weakened 0.47 percent. ** The KOSPI is up around 0.3 percent so far this year, and up by 3.56 percent in the previous 30 days. ** The current price-to-earnings ratio is 12.10, the dividend yield is 1.28 percent and the market capitalisation is 1,242.04 trillion won ($1.16 trillion). ** The trading volume during the session on the KOSPI index was 286,351,000 shares, and of the total traded issues of 886, the number of advancing shares was 406. ** Foreigners were net sellers of 140,892 million won worth of shares. ** The U.S dollar has risen 0.14 percent against the won this year. The won’s high for the year is 1,056.67 per dollar on January 14 2018 and low is 1,098.4 on February 6 2018. ** In money and debt markets, March futures on three-year treasury bonds fell 0.01 points to 107.82. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.288 percent, higher than the previous day’s 2.28 percent. ($1 = 1,068.4100 won) (Reporting by Dahee Kim; Editing by Gopakumar Warrier)

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